My biggest worry is that capitalism and the free markets will get the blame when it really hits the fan. When we get the real crash and everything implodes, and it’s really Armageddon style collapse, my fear (again) is that capitalism and free markets take the blame for problems that were created by government.

Then we just finish our journey on the road to serfdom. We totally become a totalitarian, centrally planned, police-type state, where Constitutional rights go out the window. And really the only thing you can do as an American is leave.

We might have to have a violent revolution years in the future or maybe our children or grandchildren will have to fight for their freedom…

Schiff went on to speak about the staggering unfunded pension liabilities that will either end with retirees getting the shaft or the government heading to the money printing presses.